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Nov 12 - 03:55 PM

GBP/USD - UK Data Misses Add To Sterling Bulls Brexit, COVID-Related Retreat

By Paul Spirgel  —  Nov 12 - 01:40 PM
  • GBP/USD soft into NY close -0.82% at 1.3115, NorAm range 1.3183-1.3108

  • UK GDP, Ind/Mfg misses add to GBP's Brexit/COVID-related losses nL8N2HY264

  • Targets to the down side as UK GDP snaps sterling's streak nL1N2HY1OF

  • Bulls lose control below daily cloud top, 50% Fib at 1.3079

  • Below cloud top support by 55-DMA 1.3005, 100-DMA 1.2932

  • EUR/GBP ending NorAm +1.04% at 0.9001; UK data adds to GBP bulls waning optimism

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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